Continental Building Products (CBPX) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of Continental Building Products (NYSE:CBPX) from a sell rating to a hold rating in a research note released on Monday, February 4th.

A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Continental Building Products from a hold rating to a sell rating in a report on Friday, November 9th. Citigroup decreased their price objective on shares of Continental Building Products from $36.00 to $33.00 and set a hold rating for the company in a report on Monday, November 12th. Stephens set a $32.00 price objective on shares of Continental Building Products and gave the company a hold rating in a report on Tuesday, November 13th. Raymond James decreased their price objective on shares of Continental Building Products from $40.00 to $36.00 and set a buy rating for the company in a report on Wednesday, October 24th. Finally, Barclays set a $35.00 price target on shares of Continental Building Products and gave the company a buy rating in a report on Wednesday, December 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $32.50.

CBPX stock traded down $0.04 during trading on Monday, hitting $28.79. 272,924 shares of the stock traded hands, compared to its average volume of 317,117. Continental Building Products has a one year low of $24.11 and a one year high of $39.60. The company has a market capitalization of $1.06 billion, a P/E ratio of 14.25, a P/E/G ratio of 1.50 and a beta of 1.35. The company has a quick ratio of 3.32, a current ratio of 4.01 and a debt-to-equity ratio of 0.75.

Continental Building Products (NYSE:CBPX) last announced its earnings results on Thursday, February 21st. The construction company reported $0.56 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.56. The company had revenue of $140.76 million during the quarter, compared to the consensus estimate of $138.07 million. Continental Building Products had a net margin of 14.06% and a return on equity of 22.42%. As a group, research analysts expect that Continental Building Products will post 2.17 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in CBPX. Vanguard Group Inc. raised its position in Continental Building Products by 2.9% during the third quarter. Vanguard Group Inc. now owns 4,829,264 shares of the construction company’s stock worth $181,339,000 after acquiring an additional 135,931 shares in the last quarter. Vanguard Group Inc raised its position in Continental Building Products by 2.9% during the third quarter. Vanguard Group Inc now owns 4,829,264 shares of the construction company’s stock worth $181,339,000 after acquiring an additional 135,931 shares in the last quarter. BlackRock Inc. raised its position in Continental Building Products by 7.4% during the fourth quarter. BlackRock Inc. now owns 2,684,833 shares of the construction company’s stock worth $68,329,000 after acquiring an additional 184,492 shares in the last quarter. Macquarie Group Ltd. raised its position in Continental Building Products by 3.3% during the fourth quarter. Macquarie Group Ltd. now owns 2,334,704 shares of the construction company’s stock worth $59,418,000 after acquiring an additional 73,900 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Continental Building Products by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,520,732 shares of the construction company’s stock worth $38,703,000 after acquiring an additional 9,259 shares in the last quarter. Institutional investors and hedge funds own 98.80% of the company’s stock.

Continental Building Products Company Profile

Continental Building Products, Inc manufactures and sells gypsum wallboard and complementary finishing products in the eastern United States and eastern Canada. The company sells its products to gypsum wallboard distributors, buying groups, wholesalers, and mass merchants in the new residential, repair and remodel, and commercial construction markets under the LiftLite, Mold Defense, and Weather Defense brand names.

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Analyst Recommendations for Continental Building Products (NYSE:CBPX)

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